Press and Media
Press and Media
The traditional norm of organizations being the ultimate power while workers being just people employed to carry out the firm’s processes has evolved in the present-day context.
This transformation and also the forced innovations in processes related to business and operations have paved the way for a successful hybrid work environment, Penubolu said.
According to a survey by Nasscom and job portal Indeed, around 70% of IT companies are trying to make the hybrid model work effectively. The survey found that 66% of the respondents reported higher employee satisfaction working remotely.
Due to well-structured management strategy, companies’ that on-board such practices create a high level of engagement and loyalty among the most talented and potent employees.
Talent management and performance management are two interconnected but different terms. While the former is a broader task, the latter is just one of the many aspects that come under talent management.
Every business leader in the industry understands the crucial role that effective performance management plays in empowering the workforce. Operating a firm requires one to track their employees’ development because, undoubtedly, they are the key to every successful business.
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